Scary right? There is so much to think about when starting out on your own. Well let us help you to understand the pitfalls and challenges that you are likely to face. With our expertise in Cloud Accounting and the extensive range of tools we have access to we can help put you and your business on the path to success.
When setting up your own business there are a few choices to make. One of them is the legal form your business is going to take. Should you set up as a Sole Trader or Limited Company? We will discuss the options with you and help you decide the best legal form for your business.
This is all standard compliance. We can explain about all the different taxes and the different key dates that you need to be aware of. We will also advise you on how and when tax needs to be paid. Our automated, internal GDPR compliant system ensures you will never miss a key date.
HMRC sets the standards on how long you need to keep your business records for. We can help and advise you on what you need to keep and how long for. We are cloud experts and we will be able to provide you with suitable cloud solutions for you to consider for your business.
This will very much depend on how much money you think you can earn and how much time you will need to give to the business to achieve that income. A business plan should look at all of this. We can advise you accordingly so you make the best-informed decision.
What is tax-deductible and what isn't? What does tax-deductible even mean? We can help you understand the jargon and what you do with your business expenses and how they impact your profit. We can advise you what you can claim ie use of your home, mileage allowances etc.
Your "Why?" is the single most important question you need to answer. What is your "why?" Why are you doing this crazy thing? What is it you want to get out of your business? For us to really help you we need to understand your driver for doing this. We’ll take the time to deep-dive into your business, understand your goals for the business and your hopes and dreams for yourself.
So what next for you? Do you have other questions? Not sure what to do? At the moment, your business opportunity is a "blank canvas"...you have the opportunity to sketch out and plan how you can make your business work, what finance you may need, where you will work, will you need employee's, how to get your product or service to market. Write it down, and then review what you have written. Make adjustments if necessary...and then find the right people to meet to get your business started....take it from the embryonic stage into a fully fledged, detailed and financed opportunity.
I am a firm believer of a Benjamin Franklin quote..."If you fail to plan, you plan to fail".
Give us a call so we can have a chat - no obligation. Don't feel alone....there are people out there prepared to help you.
Choose us because you need a high-end quality service and you recognise the benefit of working with a progressive, cloud accountancy practice. We should always be considered as an investment in the success of your business. Choose us because you want to work with a friendly, reliable team that genuinely cares about you and your business. Choose us because we Make A Difference.
We talk to you on an even level, without the jargon
We take time to understand the services you need
We deliver our services with excellence
We help you to grow your business
We ensure you are tax efficient.